Home NEWS Oby Ezekwesili Reveals Why Nigeria, China Agreement Is A Bad Deal

Oby Ezekwesili Reveals Why Nigeria, China Agreement Is A Bad Deal


Former minister of Education, Oby Ezekwesili, has criticised the recent loan agreement between China and Nigeria.

Recall on Tuesday, President Muhammadu Buhari signed a loan agreement with China at the Forum on China-Africa (FOCAC) 2018 holding in Beijing where the Chinese government pledged to give $60 billion loan facilities to African countries, a quarter of which would be interest-free.

However, Ezekwesili in reaction condemned the loan agreement describing it as a bad deal.

According to her, Nigerian leaders are being naive in making deals with China.

In a post on her Twitter page, she wrote: “The Chinese know exactly what they are doing. If you read their Loan Agreements with African countries, you will see how tight they cover their exposure. Meanwhile, our own leaders go there to naively, gleefully and with a huge dose of inferiority complex, sign on to bad deals.

“Chinese attitude to Indebtedness is the hardest in the world. I know, because one had to deal with it in the course of my work at the World Bank, helping African countries to get the HIPC Debt Cancellation.

“It annoys me to no end to see our countries BINGING on Chinese Loans.”

Subscribe to TN Daily!

Subscribe To TN | Advertise With Us | Send Us News Tips

TopNaija.ng is expanding! Content Interns & Bloggers Needed!

Follow us on twitter @topnaija.

Copyright 2017 TopNaija.ng. Permission to use quotations from this article is granted subject to appropriate credit being given to www.topnaija.ng as the source.
Previous articleStop Going After ‘Yahoo Boys’, IG Warns SARS
Next articleLady Narrates How Her Brother (A Taxify Driver), Was Sexually Harassed By A Passenger


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.